#Coinbase dominates North America, Binance leads globally.#
Hot Topic Overview
Overview
Coinbase dominates the North American market with a 45% market share, while Binance leads globally, particularly in regions such as Asia, Africa, South America, the Middle East, and Europe. In Africa, its market share is as high as 72%, while in South America it's 68%. In both Europe and Asia, Binance's market share exceeds 50%. This suggests that Coinbase is primarily focused on the US market, while Binance has a broader user base globally.
Ace Hot Topic Analysis
Analysis
Coinbase dominates the North American market, while Binance leads globally. CryptoQuant CEO Ki Young Ju pointed out on social media platform X that American users primarily use Coinbase, while other regions globally prefer Binance. Data shows that Binance dominates in Asia, Africa, South America, the Middle East, and Europe, with Africa holding a 72% market share, South America 68%, and Europe and Asia exceeding 50%. In North America, Coinbase is the preferred exchange with a 45% market share. This regional disparity may be related to factors such as regulatory environments, trading habits, and user preferences. Coinbase has stronger regulatory compliance in the US market, while Binance boasts a wider user base and lower fees globally.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Coinbase dominates the North American market with a market share of approximately 45%
Binance leads globally, particularly dominating markets in Asia, Africa, South America, the Middle East, and Europe
Binance holds a market share of 72% in Africa, 68% in South America, and over 50% in both Europe and Asia
Coinbase primarily serves US users, while Binance targets a global audience